Morningstar Medalist Rating : Gold : Above Average : High : High Pimco Income’s PIMIX standout recent and long-term returns could make you forget that it lags its peers every once in a while. Just about everything went right in 2025, though, with outsize contributions from agency and nonagency mortgages, interest rate exposures, and lesser but steady contributions from corporates, emerging-market debt, and nondollar currency exposures.